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Anaplan vs Oracle HFM comparison

 

Comparison Buyer's Guide

Executive SummaryUpdated on Dec 19, 2024

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

Anaplan
Ranking in Business Performance Management
2nd
Average Rating
8.0
Reviews Sentiment
6.9
Number of Reviews
28
Ranking in other categories
Production Planning (5th), Predictive Analytics (4th)
Oracle HFM
Ranking in Business Performance Management
5th
Average Rating
8.2
Reviews Sentiment
7.0
Number of Reviews
15
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of July 2025, in the Business Performance Management category, the mindshare of Anaplan is 13.1%, down from 15.1% compared to the previous year. The mindshare of Oracle HFM is 8.0%, down from 9.2% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
 

Featured Reviews

Antonio Flor - PeerSpot reviewer
Real-time data integration enhances operational efficiency and flexibility
As a client developer and solutions architect, I use Anaplan for building modules and deploying logic end-to-end. I work closely with the business in an agile manner to ensure the model aligns with business needs Anaplan offers flexibility in building different options within the platform. The…
AhmedHaridy - PeerSpot reviewer
Offers flexibility and ease of configuration
The initial setup of Oracle HFM is generally straightforward and not overly complex. The deployment time for Oracle HFM varies with the resources, but it usually takes around three to eight months, with an average of three to four months. The deployment process for Oracle HFM involves several key steps. It begins with the installation of Oracle software, followed by gathering requirements and relevant documents. These documents help define the report formats and service needs. Next, the team configures the system, starting with the enterprise structure, which needs to align with the ERP system. Data loading and configuration follow, with Oracle HFM typically requiring more resources compared to other systems like SuccessFactors.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"Where we're seeing the opportunity in the market is at the Fortune 100 companies that have far more complex modeling type scenarios where you need to be able to have a lot of people collaborating together, and you need a lot of information all at everyone's fingertips. This is where you see the big advantage of a solution like Anaplan."
"It's real-time connected planning, so the calculations are pretty much seamless as far as your model is connected."
"Anaplan's most valuable features are that it's a no-coding platform, everything can be scaled to your other functions, and it's easy to learn and use (especially because Anaplan provides excellent interactive training)."
"The solution works very well for budgeting."
"The solution scales well."
"Anaplan's connected planning feature is its most valuable aspect, allowing for seamless financial planning, HR planning, and updates."
"Anaplan offers flexibility in building different options within the platform."
"Anaplan is a three-dimensional cloud platform that is good for analyzing data, visualization, integration, terrific for visibility."
"The tool is stable."
"It is an expensive product but delivers what it promises, ensuring regulatory compliance, reducing risks associated with spreadsheets, and providing a better return on investment based on usage."
"The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation."
"You can bring in data from any source and from multiple sources, and you can consolidate that data in HFM."
"The most valuable features are around consolidations, eliminations, conversions."
"It is a very user-friendly software."
"Stability-wise, I rate the solution a ten out of ten."
"Financial consolidation and reporting tool with good built-in features such as currency exchange and elimination."
 

Cons

"There are so many business rules to set up in the system that as a business user it's hard to gauge what they're doing and it's possible to get lost."
"The solution can improve by providing an easier form of integration to different platforms, such as receiving data from different Salesforce. There is a process to do it through the use of some APIs but it could be made much easier. This would be a large help to us."
"The negative is that the higher the flexibility, the higher is the complexity. That can act against you as a negative because it does require a model builder or a coder/developer."
"The cloud engine slows down when working with a large dataset. It still lacks a powerful engine."
"Anaplan's workflow component is probably the biggest area for improvement. I'd also like to see Anaplan add an ad hoc reporting tool that allows users to query things. It's going to factor into how you design your data set and your models, but I'd like the ability to create ad hoc queries against the data that's in there."
"The solution could improve by better dashboards and while entering the form loss and project implementation the ability to use graphical shapes more effectively."
"Automation needs to be built into this solution."
"One area of improvement is conditional formatting. It's not very practical, and you need to specify additional formatting."
"It's a difficult process to try to edit, configure, or change the business rules that exist and work within HFM."
"The complexity is okay. I don't see it as super complex. The solution could have more functionality to make it a little bit more flexible."
"If there could be data integration between HFM and the accounting software that would be ideal."
"Improvements can be made by possibly different interfaces to modernize it, more automation in scripting, and better integration with third-party solutions and reporting capabilities."
"The intercompany reporting function in this tool needs improvement, particularly being able to run reports in batches, rather than one at a time."
"Integration is an area where it lacks and can be improved."
"In terms of improvement, one challenge with Oracle HFM is the need for technical knowledge in writing SQL syntax for custom extensions."
"The solution has integration challenges. We need a simple tool that is fool-proof for the data that is submitted not only for consolidation purposes but also for performance management and reporting purposes."
 

Pricing and Cost Advice

"The price of the solution is expensive."
"The tool’s pricing is reasonable and competitive with other solutions."
"This is a yearly subscription. So a customer initially buys a workspace and specifies how much GB they want. The minimum starts at around 30 GB. You can buy multiple workspaces."
"This is an expensive product and if the price were reduced then it would attract more customers."
"A value-for-money product and a very reasonable price compared to competitors like SAP or IBM."
"Anaplan is a bit pricier compared to its competitors - the license costs about $4,000 per user annually."
"The cost of Anaplan is a challenge for clients, especially if they don't have an ongoing long-term use case for it. It's a $50,000 licensing fee just to get started. Clients need a strong business case to switch from Excel to Anaplan. But if clients have used something similar in the past, such as Hyperion or other solutions, that's not a factor because they know what to expect."
"We are currently using a free workspace license for 90 days. We are satisfied with the price of the solution. There are additional costs if you want more storage, the default limit is 250 GB."
"Oracle Hyperion Financial Management (HFM) uses the named user licensing model. There's different pricing depending on HFM and Essbase planning."
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Top Industries

By visitors reading reviews
Computer Software Company
13%
Financial Services Firm
10%
Manufacturing Company
9%
Educational Organization
8%
Manufacturing Company
12%
Financial Services Firm
12%
Computer Software Company
8%
Healthcare Company
5%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What are your main use cases for Anaplan?
Anaplan is an industry-leading cloud-based corporate performance management (CPM) platform that combines business planning and analytics in a single solution. It is designed to assist organizations...
Is Board better than Anaplan as a Business Intelligence (BI) solution?
We've had several FP&A departments include Anaplan in their analytics discussions, and while BI information IS generated, the focus is generally on compiling input from various sources and simu...
Is Anaplan better than SAP ERP?
There are different aspects of both Anaplan and SAP ERP that I like and dislike. Anaplan improves forecast accuracy and drives up the quality of analytics. Rather than spending all of their time co...
What do you like most about Oracle HFM?
The most valuable feature is the flexibility and ease of configuration in terms of testing and formula creation.
What is your experience regarding pricing and costs for Oracle HFM?
It depends on the discount offered by Oracle. It is an expensive product but delivers what it promises, ensuring regulatory compliance, reducing risks associated with spreadsheets, and providing a ...
What needs improvement with Oracle HFM?
Improvements can be made by possibly different interfaces to modernize it, more automation in scripting, and better integration with third-party solutions and reporting capabilities.
 

Comparisons

 

Also Known As

No data available
HFM
 

Overview

 

Sample Customers

HP, ForeScout, DocuSign, EAT, Pandora, Aviva, Intel Security, Zalora
B&B Hotels, Goldwind, Drake & Scull
Find out what your peers are saying about Anaplan vs. Oracle HFM and other solutions. Updated: July 2025.
862,452 professionals have used our research since 2012.